The Ministry of Finance has unveiled the draft state budget for 2025, revealing a planned deficit of 6.4 billion leva, representing 3% of the country’s GDP on a cash basis. This figure is aligned with the goal of keeping annual expenses under 40% of GDP, which will be maintained through the 2025-2028 period. The draft…
Deputy Prime Minister and Minister of Transport and Communications Grozdan Karadjov announced that a concession procedure for Plovdiv Airport would soon be initiated. During a meeting with representatives from the aviation industry, Karadjov emphasized the importance of reducing state involvement in the aviation sector. He expressed support for the idea that the management of Plovdiv…
Courier service prices in Bulgaria are set to rise from March 1, with some deliveries increasing by nearly 10%. Two of the largest courier companies in the country are also introducing new pricing rules for the lightest shipments. While these changes are primarily driven by transport and logistics factors, they may also have an impact…
Domestic sewing companies in Bulgaria are struggling to survive, as the influx of low-cost Chinese garments floods the market, undercutting local production. The industry, already under pressure, has seen many businesses shut down and workers laid off. While some regions, such as Ruse, are faring slightly better, production declines remain evident across the country. One…
Bulgaria Air is expanding its network of international routes for the upcoming summer season, offering more travel options for passengers. Starting on April 17, the airline will introduce a new direct route from Varna to Paris, marking the first time this connection will be available. Flights will operate twice a week, every Monday and Thursday,…
Bulgaria could adopt the euro as its official currency from January 1, 2026, if it successfully met the necessary criteria for joining the eurozone. Citing their sources, Bulgarian media “Club Z” reported that there were no obstacles preventing this transition, provided all conditions are fulfilled. A decision on Bulgaria’s accession will be made by the…
The municipal councils in Kozloduy and Krivodol have become the first in Bulgaria to implement dual pricing for municipal services, taxes and fees. Following the Euro Adoption Act, which took effect in August 2024, the two municipalities had updated 15 ordinances to reflect prices in both leva and euro. However, the euro-based prices will only…